Marvell Technology: Major Shareholder Stock Sales in Quarterly Filing

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Marvell Technology Group Ltd. (NASDAQ:MRVL).

SEC data indicate that these institutions significantly reduced their stock shares of Marvell Technology Group Ltd. in Q3 2011:

CITADEL ADVISORS LLC: On 06/30/2011, held 6,270,775 shares, worth $92,619,347. On 09/30/2011, held 0 shares.

HGK ASSET MANAGEMENT INC: On 06/30/2011, held 1,772,627 shares, worth $26,181,701. On 09/30/2011, held 0 shares.

CAPITAL FUND MANAGEMENT S.A.: On 06/30/2011, held 1,103,200 shares, worth $16,294,264. On 09/30/2011, held 0 shares.

ARROWSTREET CAPITAL LIMITED PARTNERSHIP: On 06/30/2011, held 884,169 shares, worth $13,059,176. On 09/30/2011, held 0 shares.

RENAISSANCE TECHNOLOGIES LLC: On 06/30/2011, held 611,044 shares, worth $9,025,120. On 09/30/2011, held 0 shares.

About the company: Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company’s products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell’s technology is applied to the broadband data communications market.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), PLX Technology, Inc. (NASDAQ:PLXT), Standard Microsystems Corp. (NASDAQ:SMSC), PMC-Sierra, Inc. (NASDAQ:PMCS), LSI Corporation (NYSE:LSI), STMicroelectronics N.V. (NYSE:STM), and NVIDIA Corporation (NASDAQ:NVDA).

(Note: Data regarding Marvell Technology Group Ltd.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com